Global Footwear- Market Overview:
Footwear is worn on the feet to protect them against different types of environments. With the change of time and lifestyle, footwear has become a part of personal grooming and overall appearance. Increasing disposable income of people and the expense of fashion goods has led manufacturers to design and manufacture stylish footwear with unique designs and features. However, Slip-on or loafers are becoming more popular among women as it is easy to wear and comfortable compared to other types of footwear. The increasing number of vegan population across the globe due to increasing awareness about animal cruelty will create significant opportunities for the vegan footwear
As per latest study released by AMA Research, the Global Footwear- market is expected to see growth rate of 4.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging Trend of Boots Among the Youth Population Worldwide and Launching for Fashionable Footwear by Manufacturers Which Can Be Wear According to Weather and Occasion.
Market Growth Drivers:
Growing Popularity of Slippers for Indoor Use to Protect Feet and Provide Comfort While Walking Indoor and Growing Demand for Footwear Made From Various Types of Fabrics for Regular Use Due to Its Comfortability
Challenges:
Presence of a Large Number of Major Brands and Number of Local Players in the Market
Restraints:
Boots Can Tighten Foot and Wearing Long Time Can Lead to Injuries and High-Cost Associated With Luxury Footwear Can Restrain the Market Growth in Low-Income Countries
Opportunities:
Huge Demand of Footwear in China Due to Availability of Highest Number of Population Around the World
Competitive Landscape:
Global market is highly fragmented and consists large number of global players who compete with each other. Key manufacturers are targeting the innovations and launching products with better quality and unique styles & designs. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Nike (United States), Skechers (United States), Bata Shoes (Switzerland), Adidas (Germany), Okabashi Brands, Inc. (United States), Kering (France), New Balance (United States), Asics (Japan), Metro Brands (India), Fila (South Korea), Crocs, Inc. (United States), VF Corporation (United States), Wolverine Worldwide (United States), Burberry (United Kingdom), Louis Vuitton (France), Under Armour (United States), Lancer Footwear (India), Lululemon Athletica (Canada), Paragon (India), PUMA (Germany) and Reebok (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Footwear- market by 2030. Considering Market by End Users, the sub-segment i.e. Men will boost the Footwear- market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Footwear- market. Considering Market by Material Type, the sub-segment i.e. Leather will boost the Footwear- market. Considering Market by Closure Type, the sub-segment i.e. Slip-on will boost the Footwear- market.
Latest Market Insights:
In March 2022, Lululemon launched Blissfeel, its first-ever running shoe for women to expand itself into a new product category. The company has launched two types of women’s cross-training sneakers that are available to purchase in North America, Mainland China, and the United Kingdom market., and In February 2022, Crocs, Inc. acquired the casual footwear brand, HEYDUDE. HEYDUDE is a provider of comfortable, versatile, and accessible footwear. The acquisition will strengthen Crocs's product portfolio and help to expand in the casual footwear category.
In March 2022, Metro Brands launched a new Activ footwear range to expand its portfolio. The new range of footwear has been designed for daily applications like jogging, walking, cycling, playing with kids, etc. Activ footwear is available for both men and women and also available in colors including black, grey, pastel blue, olive green, and pink.
What Can be Explored with the Footwear- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Footwear- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Footwear-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Footwear- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Footwear- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Raw Material Providers, Footwear Manufacturers, Analysts and Strategic Business Planners, Footwear Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.